South India Bank Q3 Result: South Indian Bank has announced excellent results for its third quarter (Q3) for the current financial year. The bank has recorded improvement in profits and quality of assets. The net profit of the bank was Rs 305 crore in the same quarter last year, which has increased to Rs 342 crore this time.
Interest income (NII) has also increased from 819 crores to 869 crores. There was a slight decline in the bank's gross NPA, which came down to 4.30% from 4.40% in the previous quarter. Net NPA came down from 1.31% to 1.25%, which indicates improvement in asset quality. There has been a big reduction in provisioning. It has come down from 110 crores in the same quarter last year to Rs 66 crore this time. ADITYA BIRLA REAL ESTATE Q3 Aditya Birla Real Estate has announced the results for the third quarter of the current financial year. The company has said in the exchange filing that it has gone from profit to loss on a year-on-year basis. The company has come to a consolidated loss of 41 crores against a profit of 83 crores. The consolidated income of the company has come down from 1070 crores to Rs 956 crores. Talking about EBITDA, it has also come down from Rs 197 crore to Rs 13 crore on an annual basis. EBITDA margin has come down from 18.4% to 1.4% on a year-on-year basis.
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